Little River Chamber Of Commerce And Visitors Center Inc
Little River Chamber of Commerce shows financial recovery in 2021 after prior year losses, with no reported officer compensation.
EIN: 10810218 · Little River, SC · NTEE: S41 · Updated: 2026-03-27
Is Little River Chamber Of Commerce And Visitors Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Little River Chamber Of Commerce And Visitors Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Little River Chamber Of Commerce And Visitors Center Inc
Little River Chamber Of Commerce And Visitors Center Inc (EIN: 10810218) is a nonprofit organization based in Little River, SC, classified under NTEE code S41. The organization reported total revenue of $378K and total assets of $196K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little River Chamber Of Commerce And Visitors Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Little River Chamber Of Commerce And Visitors Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Little River Chamber Of Commerce And Visitors Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a highly efficient approach to executive pay relative to the organization's size and revenue, which has ranged from $151,611 to $592,248.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Little River Chamber Of Commerce And Visitors Center Inc's IRS 990 filings:
- Significant financial volatility with large swings in revenue and expenses, including net losses in multiple years (e.g., 202012 and 201912).
- High liabilities relative to assets in some periods (e.g., 202012 where liabilities were $195,145 and assets were $133,975).
Strengths
The following positive indicators were identified for Little River Chamber Of Commerce And Visitors Center Inc:
- Strong financial recovery in the latest filing (202112) with a positive net income of $80,433.
- Consistent reporting of 0% officer compensation across all filings, indicating efficient executive pay practices.
- Long history of IRS 990 filings (11 filings), demonstrating transparency.
- Increase in assets from $133,975 in 202012 to $195,822 in 202112.
Frequently Asked Questions about Little River Chamber Of Commerce And Visitors Center Inc
Is Little River Chamber Of Commerce And Visitors Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Little River Chamber Of Commerce And Visitors Center Inc (EIN: 10810218) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Little River Chamber Of Commerce And Visitors Center Inc spend its money?
Little River Chamber Of Commerce And Visitors Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Little River Chamber Of Commerce And Visitors Center Inc tax-deductible?
Little River Chamber Of Commerce And Visitors Center Inc is registered as a tax-exempt nonprofit (EIN: 10810218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Little River Chamber Of Commerce And Visitors Center Inc a good charity?
Based on the available data, the organization demonstrates good financial recovery in its latest filing (202112) with a positive net income and no reported officer compensation, which is a strong positive. However, past financial volatility, including significant losses in 2020 and 2019, suggests a need for closer examination of its long-term financial stability and funding sources. Its mission as a Chamber of Commerce is inherently community-focused.
What caused the significant revenue drop in 2020?
The IRS 990 data shows a sharp decline in revenue from $556,039 in 201912 to $151,611 in 202012. While the filings do not specify the exact cause, this period coincides with the onset of the COVID-19 pandemic, which significantly impacted many businesses and tourism-dependent organizations like visitors centers. This likely led to reduced membership dues, event income, or other revenue streams.
How does the organization manage its liabilities?
The organization's liabilities have fluctuated significantly, reaching a high of $195,145 in 202012, which was nearly equal to its assets of $133,975 in that period. In the latest filing (202112), liabilities decreased to $176,559, while assets increased to $195,822, indicating a healthier, though still somewhat tight, financial position where assets barely cover liabilities. This suggests careful management is required.
Filing History
IRS 990 filing history for Little River Chamber Of Commerce And Visitors Center Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Little River Chamber Of Commerce And Visitors Center Inc's revenue has grown by 97.3%, moving from $191K to $378K. Total assets increased by 1607.4% over the same period, from $11K to $196K. Total functional expenses rose by 11.8%, from $266K to $297K. In its most recent filing year (2021), Little River Chamber Of Commerce And Visitors Center Inc reported a surplus of $80K, with revenue exceeding expenses. The organization holds $177K in liabilities against $196K in assets (debt-to-asset ratio: 90.2%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $378K | $297K | $196K | $177K | — | View 990 |
| 2020 | $152K | $240K | $134K | $195K | — | View 990 |
| 2019 | $556K | $581K | $71K | $47K | — | View 990 |
| 2018 | $581K | $618K | $91K | $42K | — | View 990 |
| 2017 | $592K | $566K | $130K | $73K | — | View 990 |
| 2016 | $433K | $452K | $113K | $82K | — | View 990 |
| 2015 | $448K | $421K | $101K | $51K | — | View 990 |
| 2014 | $402K | $376K | $65K | $43K | — | View 990 |
| 2013 | $241K | $218K | $18K | $21K | — | View 990 |
| 2012 | $174K | $179K | $3K | $29K | — | View 990 |
| 2011 | $191K | $266K | $11K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $378K, expenses of $297K, and assets of $196K (revenue +149.2% year-over-year).
- 2020: Revenue of $152K, expenses of $240K, and assets of $134K (revenue -72.7% year-over-year).
- 2019: Revenue of $556K, expenses of $581K, and assets of $71K (revenue -4.3% year-over-year).
- 2018: Revenue of $581K, expenses of $618K, and assets of $91K (revenue -1.9% year-over-year).
- 2017: Revenue of $592K, expenses of $566K, and assets of $130K (revenue +36.7% year-over-year).
- 2016: Revenue of $433K, expenses of $452K, and assets of $113K (revenue -3.4% year-over-year).
- 2015: Revenue of $448K, expenses of $421K, and assets of $101K (revenue +11.5% year-over-year).
- 2014: Revenue of $402K, expenses of $376K, and assets of $65K (revenue +66.7% year-over-year).
- 2013: Revenue of $241K, expenses of $218K, and assets of $18K (revenue +38.9% year-over-year).
- 2012: Revenue of $174K, expenses of $179K, and assets of $3K (revenue -9.3% year-over-year).
- 2011: Revenue of $191K, expenses of $266K, and assets of $11K.
Data Sources and Methodology
This transparency report for Little River Chamber Of Commerce And Visitors Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.